Iran's budget bill for the next fiscal year (starting March 21, 2018) includes a provision to raise the price of gasoline by 50%. The proposal, which also envisions a price hike for other fuels…

Coming off its worst economic recession and a string of corruption scandals in the highest echelons of power, Brazil is banking on a new era in its key oil industry to pull through one of the…

Iran’s longest-serving minister, Bijan Namdar Zanganeh, is again tapped for the Oil Ministry under Hassan Rouhani’s second term as president and is widely expected to win the parliament’s vote…

The largest annual convention in Iran's petroleum industry, known as the Iran Oil Show, opened in Tehran on Saturday.

Conspicuous by their absence are the big names such as BP and Total.…

The historic agreement on Iran's nuclear program and the lifting of international economic sanctions last year created high hopes for Tehran's reintegration into the global economy. The energy…

OPEC turned a historic new leaf on Wednesday by agreeing on its first oil production cut in eight years and the first joint cut with Russia since 2001.

The pact that pushed crude prices up…

OPEC members will meet in Algeria on Sept. 26-28 for a second emergency meeting this year to discuss ways to ease the global oil glut and push up prices that are locked way below their highest…

Germany is taking steps to reassert its stamp on Iran’s sanctions-hit economy through the first-ever edition of AMB—a specialized exhibition for the machine tools and metalworking sector—which…

Iran Oil Show 2016, the country's first major oil, gas and petrochemical convention after the January lifting of sanctions, started on Thursday.

The annual exhibit has attracted around 900…

The 10th International Exhibition of Plastics, Rubber, Machinery and Equipment (Iran Plast 2016) will help boost Iran's market share in the regional and global petrochemical markets, managing…

Azerbaijan's President Ilham Aliyev arrived in Tehran on Tuesday for two days of talks to push the envelope in economic relations with Iran, more than a month after sanctions against it were…

Tehran voiced readiness on Sunday to rekindle trade ties with the world and stick to its commitment of raising crude exports by 500,000 barrels a day in an international conference held hours…

From a $115-per-barrel high in June last year, oil prices were cut by half in January and touched 11-year lows this week. The downward trend has marked a distressing spell for international oil…

The port city of Asalouyeh in the southern Bushehr Province houses the world’s biggest olefin and aromatic production plants, and is also the largest petrochemical export hub in the Middle East.…

Representatives of some of the world's biggest engineering, construction, petrochemical and shipping companies had a firsthand glimpse of Iran's petrochemical facilities and infrastructure during…

Iran is planning to attract $70 billion in petrochemical investments.

Oil Minister Bijan Namdar Zanganeh made the announcement at the 12th Iran Petrochemical Forum (IPF 2015) on Sunday in a…